Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson Sells 2,500 Shares

Electronic Arts Inc. (NASDAQ:EA) CEO Andrew Wilson sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $140.26, for a total transaction of $350,650.00. Following the transaction, the chief executive officer now directly owns 61,747 shares in the company, valued at $8,660,634.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Andrew Wilson also recently made the following trade(s):

• On Tuesday, May 28th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $132.24, for a total transaction of $330,600.00.
• On Wednesday, May 22nd, Andrew Wilson sold 4,639 shares of Electronic Arts stock. The stock was sold at an average price of $134.15, for a total transaction of $622,321.85.
• On Thursday, April 25th, Andrew Wilson sold 2,500 shares of Electronic Arts stock. The stock was sold at an average price of $127.19, for a total transaction of $317,975.00.

Electronic Arts Trading Down 0.7 %

NASDAQ:EA opened at $139.52 on Friday. The company has a fifty day moving average of $132.47 and a 200 day moving average of $134.94. Electronic Arts Inc. has a 52 week low of $117.47 and a 52 week high of $144.53. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $37.07 billion, a P/E ratio of 29.81, a P/E/G ratio of 2.23 and a beta of 0.80.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 7th. The game software company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.17). Electronic Arts had a net margin of 16.83% and a return on equity of 18.81%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.78 billion. On average, research analysts predict that Electronic Arts Inc. will post 5.72 earnings per share for the current year.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio is currently 16.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EA. North Star Investment Management Corp. increased its position in Electronic Arts by 333.3% during the 1st quarter. North Star Investment Management Corp. now owns 195 shares of the game software company’s stock valued at $26,000 after purchasing an additional 150 shares during the period. Cape Investment Advisory Inc. grew its position in Electronic Arts by 102.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 200 shares of the game software company’s stock valued at $27,000 after purchasing an additional 101 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Electronic Arts during the 1st quarter valued at about $27,000. Leith Wheeler Investment Counsel Ltd. grew its position in Electronic Arts by 269.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 212,585 shares of the game software company’s stock valued at $29,000 after purchasing an additional 154,989 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Electronic Arts during the 4th quarter valued at about $30,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Electronic Arts from $150.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets reduced their target price on shares of Electronic Arts from $160.00 to $154.00 and set an “outperform” rating for the company in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Electronic Arts from $153.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, UBS Group reduced their price objective on shares of Electronic Arts from $146.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.50.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.